Examples of Retained Business in a sentence
The insurance policies held by the Company provide adequate coverage for all normal risks incident to the Retained Business and the properties and assets of the Retained Business, except for any such failures to maintain such policies that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.
To the Knowledge of the Company, no investigation or review by any Governmental Entity with respect to the Company, the Retained Subsidiaries or the Retained Business is pending or, as of the date of this Agreement, threatened, nor has any Governmental Entity indicated an intention to conduct the same, except for such investigations or reviews the outcome of which would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.
The Borrower fails to pay any sum payable by it under any Finance Document when due, unless: its failure to pay is caused solely by an administrative error or technical problem and payment is made within two Business Days of its due date; or its failure to pay arises from an insufficiency of Retained Business Rate Income from the relevant Project to meet that payment.
The Lender will promptly account to the Borrower and pay over to the Borrower all Retained Business Rates (to the extent received) by no later than 31 October in each calendar year.
The Lender shall promptly supply to the Borrower upon request the details of: each business rate assessment made by the Lender on any property within the Cheshire Science Corridor Enterprise Zone; and all sums received by the Lender in respect of Retained Business Rates.